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Here’s how Bessent’s newly activist Treasury Department is undercutting the Fed’s Warsh

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Here’s how Bessent’s newly activist Treasury Department is undercutting the Fed’s Warsh

The surprising move this week by Treasury Secretary Scott Bessent to intervene in Treasury markets to lower the cost of government debt undercuts the credibility of Federal Reserve Chairman Kevin Warsh to make interest-rate policy, experts said.

Here’s how Bessent’s newly activist Treasury Department is undercutting the Fed’s Warsh

Source：MarketWatch

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Source：https://www.marketwatch.com/story/heres-how-bessents-newly-activist-treasury-department-is-undercutting-the-feds-warsh-480455c2